Crude palm oil down on global cues

Prices were affected as speculators trimmed positions

Press Trust of India New Delhi
Last Updated : Mar 13 2013 | 2:18 PM IST
Crude palm oil (CPO) futures for April fell by Rs 1.50, or 0.33%, to Rs 457.40 per 10 kg in 408 lots.

At the Multi Commodity Exchange (MCX), the March contract shed Rs 1.10, or 0.24%, to Rs 453.70 per 10 kg in 370 lots.

CPO fell for the third straight day. Prices were affected as speculators trimmed positions.

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Wweak global market trends put pressure on crude palm oil futures trade here.

On the Malaysia Derivatives Exchange (MDEX). palm oil futures for May lost 1.5% to $765 a tonne, the lowest since March 4.

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First Published: Mar 13 2013 | 2:16 PM IST

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